USDCAD traded higher Thursday and cleared resistance at 1.2797, the Jan 28 high and a key short-term resistance. The clear breach of this level strengthened bullish conditions and has opened 1.2964, the Dec 20 high and the next key resistance. Clearance of this hurdle would significantly strengthen a bullish case. Key short-term support has been defined at 1.2636, Feb 10 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Edward Hardy

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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